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Sunac Services Holdings Ltd. ( (HK:1516) ) just unveiled an update.
Sunac Services Holdings Limited announced that its holding company, Sunac China Holdings Limited, has received a winding-up petition filed by China Cinda (HK) Asset Management Co., Limited. The petition concerns the non-repayment of a USD 30 million loan by Shining Delight Investment Limited, a subsidiary of Sunac China, with Sunac China as the guarantor. While no winding-up order has been granted, Sunac Services Holdings’ board believes the petition will not materially impact its financial performance or operations. The company will continue to monitor the situation and inform the public of any significant developments.
More about Sunac Services Holdings Ltd.
YTD Price Performance: -6.63%
Average Trading Volume: 19,276,481
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$4.74B
Learn more about 1516 stock on TipRanks’ Stock Analysis page.
